ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Mar 16, 2023 17:58 JST
Source:
Verve Management
A Reimagined Vision of The Future of Digital Banking
DUBAI, Mar 16, 2023 - (ACN Newswire) - "Our challenges have changed but we still share similarities with ancient banking times, when we were all looking for fast-paced abilities to adapt banking delivery to our lifestyle challenges," said Noelia Romanillos - Head of Financial Services GTM South Europe & UKI at ServiceNow - at this year's 2nd Annual Future Banks Summit MENA which took place last week at Swissotel Al Murooj, Dubai, UAE. In a highly digitalized world, we tend to notice an ongoing trend - every aspect of society is going through a technological transformation, especially when we're looking at banking and finance. Today, both individuals and corporations have the ability - round-the-clock - to look into their financial information, make payments and proposals, and perform a whole host of transactions with the click of a few buttons.
This month, Verve Management hosted its 2nd Annual Future Banks Summit MENA, where attendees explored the path to fintech transformation within the region, eventually making it a global leader in finance. This has much to do with the region embracing advances in technology, to steer the industry toward the direction of delivering efficient products and services to a young demographic in order to meet the expectations of the digital consumer. Concerning untapped potential, the region is well-positioned to become a sizeable territory for effective digital banking innovation, which is what key industry professionals focused on throughout the course of the two-day summit.
This heightened digitalization can, however, be a double-edged sword. Through the course of his keynote discussion on the era of digitalization, Vilmos Lorincz - Managing Director of Data Products at Lloyds Banking Group UK - provided the attendees with insight on rethinking business strategies in order to flourish within the ecosystem. "The compliance level is just the baseline; it's really important that you protect the data of people, ethically." He said, emphasizing the importance of data protection. The distinguished use of digitalization within the BFSI sector pushes the requirement for substantial regulations in order to eradicate any negative outcomes on both the workforce and the end consumer.
Through digitalization, the banking sector is viable to both innovation and a rise in entrepreneurship; however, some corporations are still wary about going digital due to the high level of risk involved. "Security and compliance must become part of the culture of organizations to mitigate risk truly," said Kiran Bafna - Managing Director - APAC, India & Japan at Thomson Reuters - on his views surrounding the steps taken to enable cultural change in a truly modern technological ecosystem. "Only if technological integration is in line with an organization's vision, true integration can take place," he added.
Some of the corporations in continual support of the Future Banks Summit MENA this year were our Gold Sponsors - Kissflow, ServiceNow & Enfint; our Silver Sponsor - Confirmation.com; our Bronze Sponsors - eMudhra, Keyless Technologies, Creatio + Banza, & Thought Machine; our Networking Sponsor - Trejhara; and our Associate Sponsor - System Technologies.
All in all, Verve Management was honored to be in the presence of some of the most renowned thought leaders - both internationally and regionally - focused on one goal, which was to explore the MENA region's financial landscape and the process through which it is driven by innovation and technological advancement.
Verve Management
Isha - Marketing Executive
isha@verve-management.com
Dubai, UAE
Source: Verve Management
Sectors: Trade Shows, Daily Finance, Banking & Insurance, FinTech
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
May 02, 2024 22:13 JST
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>
Related Release
3rd Annual Middle East Women Leaders' Summit & Awards KSA 2024: Empowering Women, Shaping Futures
April 01 2024 18:36 JST
The 2nd Annual Middle East Women Leaders' Summit and Awards - Recognizing Excellence Across The Middle East
October 09 2023 16:19 JST
Spearheading Banking Transformation in the MENA region
February 27 2023 20:57 JST
More Press release >>